For years, Internal Revenue Code (IRC) §121 would let you exclude income tax on the profit of your primary residence, provided you satisfied certain requirements. And under §1031, investors and business owners have been able to defer capital gains tax when exchanging investment or business property. IRS Rev-Proc 2005-14 lets you combine the two code sections. You can now … [Read more...] about IRS Allows 1031 Exchange: For Business Use Of Primary Residence

This past May, Reno was named the best place in the country to do business, according to Inc. Magazine. In March, Nevada was declared the nation’s most dangerous state by Morgan Quitno Press. In November, Time magazine named Governor Kenny Guinn one of America’s top five governors. There are ratings and rankings for every state in every category by more groups and organizations … [Read more...] about Nevada By The Numbers: Where Do We Stand?

If you ask most managers and supervisors to describe what someone with a bad attitude looks like, they will typically give any number of the following as examples. As you read these descriptions, you may recognize one of your own employees as perfectly fitting this mental picture. Their inappropriate behaviors may be included in the following: Arrives late to work – Some … [Read more...] about To Change Workplace Attitudes: Focus on Behaviors

Nevada’s shopping arena is where Wal-Mart and Dillard’s coexist profitably to give consumers exactly what they’re after. Although it may seem an unlikely combination, here in Nevada, high-end retailers, multi-use developments and value-oriented supercenters are all thriving and exceeding national sales averages. Two undeniable trends in Nevada’s retail segment are the growth of … [Read more...] about The Retail Market in 2006: Superb Shopping in Nevada

Q: What services does the Nevada State Contractors Board offer to help the average citizen in Nevada? Whether a consumer is contemplating major or minor repairs to a residence including painting, installing a fence or driveway, plumbing or electrical repairs, installing a swimming pool or spa, roofing or remodeling, the Nevada State Contractors Board has information to help … [Read more...] about Nevada State Contractors Board: Helping Improve Home Improvements

A recent study indicated that the meetings, conventions, exhibitions and incentive travel industry generated over $122 billion in U.S. direct spending for 2004. The "2004 Economic Impact Study," produced by the Convention Industry Council, found that the industry supports 1.7 million jobs, over 36 percent of hotel industry revenue and 17 percent of the airline industry’s … [Read more...] about From Bucking Broncos to Classic Mustangs: Special Events Round Up Big Money

Many Nevada companies have Web sites to drive online sales, promote products and services and attract potential new customers and clients. They advertise online, which is a key component to a company’s overall sales and marketing plan. However, consider Search Engine Marketing (SEM), the hottest trend in making businesses shine online. Among online marketing activities, … [Read more...] about Get Your Motor Running Online: With Search Engine Marketing

Since the population began booming in Las Vegas, hospitals have been playing catch-up. Less than two years after the Valley Health System opened its fourth Las Vegas hospital, Spring Valley Medical Center, it broke ground on a fifth facility, Centennial Hills Medical Center, which is scheduled to open in June 2007. The $82 million facility will support 170 private beds, 400 … [Read more...] about Centennial Hills Medical Center: Marks Growth of Valley Health System

It’s about time North Las Vegas got a bank of its own. With a population of over 150,000 residents and with many businesses relocating to the area, a bank was becoming a necessity. Other banks operated branches within the city limits, but none of these were actually chartered in North Las Vegas. "I started thinking about developing a bank for North Las Vegas about a year and … [Read more...] about Bank of North Las Vegas: New Bank for a Growing City

Grow carefully, not foolishly. It’s a mantra that business partners Ross Burnett and Chris Haase have stood behind since introducing Burnett Haase Construction to Southern Nevada a decade ago. Since then, the duo, who share more than 35 years of construction management and real estate development experience, have carefully grown their portfolio to over 2 million square feet of … [Read more...] about Burnett Haase Construction: Dedicated to Diversification

The Nevada building market is still hot; positive economic and political environments attract both entrepreneurs and big corporations to our state, making this an era of unprecedented growth and prosperity. But where do businesses turn for the financial backing needed to build or to expand their present location? Loan sources vary, but generally fall into either private or … [Read more...] about Show Me the Money: Financing Real Estate Projects